Beer companies, Department of Justice in resolution talks for $20.1B deal


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Posted Online: Feb. 20, 2013, 4:57 pm
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The U.S. Department of Justice is talking with beer makers Anheuser-Busch InBev and Grupo Modelo about potentially resolving a legal challenge to their $20.1 billion deal.

The beer companies and the government are asking the court for a stay of all litigation proceedings until March 19. There is no guarantee a resolution will be found.

The Justice Department in January sued to block the combination, saying having one company controlling nearly half of all U.S. beer sales would stifle competition. The beer makers recently revised the terms of the acquisition, which would give more control of Modelo's U.S. beer brands to a wine company, Constellation Brands Inc., in a side deal.

The government is weighing whether the revised terms of the deal resolve its concerns about market competition.














 



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  Today is Sunday, April 20, the 110th day of 2014. There are 255 days left in the year.

1864 -- 150 years ago: The attention of contractors is called to proposals for building a magazine. The building is to be erected on the south side of the island, above the railroad, nearly opposite Sinnit's ice houses.
1889 -- 125 years ago: Ladies patent leather tip shoes were selling for $3 at the M & K store, and men's spring overcoats were advertised at $7.50.
1914 -- 100 years ago: Fred Feuchter, of Davenport, was elected president of the Tri-City Post Office Clerks club, and Joe Goldsmith, of Rock Island, was named secretary treasurer.
1939 -- 75 years ago: Mass vaccination of more than 1,600 employed of the Rock Island Arsenal has been ordered by Col. Norman Ramsey after a 13-year-old daughter of the Arsenal manager became ill with smallpox.
1964 -- 50 years ago: The 1964 Scout-O-Rama of the Sac-Fox Council of Boy Scouts closed a two-day session last evening at the Rock Island Armory with 5,000 paid attendance.
1989 -- 25 years ago: "From the horse and buggy days ... to this" said Mercer County Sheriff Marvin Thirtyacre, waving his hand to indicate the sheriff's department facilities at the new $1.5 million Mercer County Jail in Aledo.




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